401 S Main StRandlemanNC27203
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Randleman at 401 S Main St, Randleman, NC, 27203 priced at $234,900 converts $1,298/mo rent into after a $1,150/mo obligation. Total monthly income equals $1,298/mo. Return on cash invested prints 17.85% in year one, and rental yield reads 6.63% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 91.69% and total cumulative return in cash sums $71,397. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,298/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27203, Asheboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,058 (100%) |
| Owner Occupied HU | 4,270 (42.5%) |
| Renter Occupied HU | 4,969 (49.4%) |
| Vacant Housing Units | 819 ( 8.1%) |
| Median Home Value | $168,026 |
| Average Home Value | $198,809 |
Housing Distribution
Address Breakdown
Residential
9,513
Single Family
8,179
Multi-Family
1,334
Businesses
1,220
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Listed by: R. Tyler Wilhoit • Tyler Redhead & McAlister Real Estate, LLC
Mls Name: Triad MLS
Mls ID: #1186853